Amazon to Acquire Whole Foods for $13.7B

Amazon agrees to acquire Whole Foods.
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A game changer in the grocery space. Amazon (AMZN) - Get Report taking aim at Walmart (WMT) - Get Report and other brick and mortar retails by agreeing to purchase Whole Foods for $42 a share in a $13.7 billion all cash deal.

"Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy," said Jeff Bezos, Amazon founder and CEO. "Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades - they're doing an amazing job and we want that to continue."

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